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Texas Gaming Update - Q2 2025 Edition
Your quarterly update covering local legal developments in Texas gaming and gambling.
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Fantasy Sports and Sports Betting Deals
We provide assistance to many of the country’s leading fantasy sports operators in all stages of financing and strategic exits, and in light of its widespread legalization, we are now seeing an uptick in sports wagering related deals as well. We have compiled a list of major industry investors and transactions to provide a snapshot of historical industry investment.
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Sports Betting & Fantasy Sports Regulation Map
A map displaying the overlap between sports betting and fantasy sports regulation in the US presented by VW Partner Kevin Vela at the SBC Summit Americas in May 2025.
General Update on Pick’em Contests
For our Fantasy Sports and Gaming clients, VW Senior Attorney Blake Hart has provided an update on the evolving situation with Pick’em contests!
Texas DFS Bill – H.B. 393
H.B. 393 seeks to legalize fantasy sports contests by amending the Texas Penal Code’s definition of “bet” to exclude prizes or awards won in a fantasy sports contest. The language is mostly consistent carve-out language but there are two key additions which could have a material effect on contests currently being offered in the state.